Bullard: Favors forward guidance based on state of econ vs calendar

Author: Adam Button | Category: Central Banks

Comments from St Louis Fed President James Bullard:

  • Would be more in favor of metric-based guidance rather than calendar
  • Doubts yield curve control would have much impact at this point
  • You hear more about hours being cut than wages
  • Yield curve control is something Fed could consider
  • Hopeful to get back to 2% inflation in medium term
The Fed's Clarida said hew as more in favor of calendar guidance. The Beige BOok will be out in moments.

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